IRIS Accounts Production v23.3.1.45 01515526 Board of Directors 1.8.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh015155262023-07-31015155262023-12-31015155262023-08-012023-12-31015155262022-07-31015155262022-08-012023-07-31015155262023-07-3101515526ns10:Originalns15:EnglandWales2023-08-012023-12-3101515526ns14:PoundSterlingns10:Original2023-08-012023-12-3101515526ns10:Originalns10:Director12023-08-012023-12-3101515526ns10:Original2023-08-012023-12-3101515526ns10:Original2023-12-3101515526ns10:Originalns10:PrivateLimitedCompanyLtd2023-08-012023-12-3101515526ns10:Originalns10:SmallEntities2023-08-012023-12-3101515526ns10:Originalns10:AuditExempt-NoAccountantsReport2023-08-012023-12-3101515526ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2023-08-012023-12-3101515526ns10:SmallCompaniesRegimeForAccountsns10:Original2023-08-012023-12-3101515526ns10:Originalns10:FullAccounts2023-08-012023-12-3101515526ns10:Originalns10:Director22023-08-012023-12-3101515526ns10:Originalns10:Director32023-08-012023-12-3101515526ns10:Originalns10:Director42023-08-012023-12-3101515526ns10:CompanySecretary1ns10:Original2023-08-012023-12-3101515526ns10:Originalns10:RegisteredOffice2023-08-012023-12-3101515526ns10:Original2023-07-3101515526ns10:Originalns5:CurrentFinancialInstruments2023-12-3101515526ns10:Originalns5:CurrentFinancialInstruments2023-07-3101515526ns10:Originalns5:Non-currentFinancialInstruments2023-12-3101515526ns10:Originalns5:Non-currentFinancialInstruments2023-07-3101515526ns5:ShareCapitalns10:Original2023-12-3101515526ns5:ShareCapitalns10:Original2023-07-3101515526ns10:Originalns5:RevaluationReserve2023-12-3101515526ns10:Originalns5:RevaluationReserve2023-07-3101515526ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-12-3101515526ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-07-3101515526ns10:Originalns5:LandBuildings2023-08-012023-12-3101515526ns10:Originalns5:PlantMachinery2023-08-012023-12-3101515526ns10:Original2022-08-012023-07-3101515526ns10:Originalns5:LandBuildings2023-07-3101515526ns10:Originalns5:PlantMachinery2023-07-3101515526ns10:Original2023-07-3101515526ns10:Originalns5:LandBuildings2023-12-3101515526ns10:Originalns5:PlantMachinery2023-12-3101515526ns10:Originalns5:LandBuildings2023-07-3101515526ns10:Originalns5:PlantMachinery2023-07-3101515526ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3101515526ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3101515526ns10:Originalns5:RevaluationReserve2023-07-31
REGISTERED NUMBER: 01515526 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 AUGUST 2023 TO 31 DECEMBER 2023

FOR

FANTASTIC LIGHTING LIMITED

FANTASTIC LIGHTING LIMITED (REGISTERED NUMBER: 01515526)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 AUGUST 2023 TO 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FANTASTIC LIGHTING LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 AUGUST 2023 TO 31 DECEMBER 2023







DIRECTORS: Mrs A L Darmoo
Mr A Darmoo
Mr P Darmoo
Mr A Y Darmoo





SECRETARY: Mr A Y Darmoo





REGISTERED OFFICE: Unit 1, Manford Industrial Estate
Manor Road
Erith
Kent
DA8 2AJ





REGISTERED NUMBER: 01515526 (England and Wales)





ACCOUNTANTS: Bayar Hughes & Co
Chartered Certified Accountants
4 Green Lane Business Park
238 Green lane
New Eltham
London
SE9 3TL

FANTASTIC LIGHTING LIMITED (REGISTERED NUMBER: 01515526)

BALANCE SHEET
31 DECEMBER 2023

2023 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 750,900 751,043

CURRENT ASSETS
Stocks 135,604 133,193
Debtors 5 17,976 18,121
Cash at bank 4,238 17
157,818 151,331
CREDITORS
Amounts falling due within one year 6 94,154 67,122
NET CURRENT ASSETS 63,664 84,209
TOTAL ASSETS LESS CURRENT
LIABILITIES

814,564

835,252

CREDITORS
Amounts falling due after more than one
year

7

163,432

162,928
NET ASSETS 651,132 672,324

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Revaluation reserve 8 704,825 704,825
Retained earnings (73,693 ) (52,501 )
SHAREHOLDERS' FUNDS 651,132 672,324

FANTASTIC LIGHTING LIMITED (REGISTERED NUMBER: 01515526)

BALANCE SHEET - continued
31 DECEMBER 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 March 2024 and were signed on its behalf by:





Mr P Darmoo - Director


FANTASTIC LIGHTING LIMITED (REGISTERED NUMBER: 01515526)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 AUGUST 2023 TO 31 DECEMBER 2023

1. STATUTORY INFORMATION

Fantastic Lighting Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving items.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2023 - 5 ) .

FANTASTIC LIGHTING LIMITED (REGISTERED NUMBER: 01515526)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 AUGUST 2023 TO 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 August 2023
and 31 December 2023 750,000 66,539 816,539
DEPRECIATION
At 1 August 2023 - 65,496 65,496
Charge for period - 143 143
At 31 December 2023 - 65,639 65,639
NET BOOK VALUE
At 31 December 2023 750,000 900 750,900
At 31 July 2023 750,000 1,043 751,043

The Freehold Property is shown at valuation and was valued on an open market basis on 23 October, 2019 by an external valuer.

If the Freehold Property had not been revalued, it would have been included at the historical cost of £89,442, (2023: £89,442).

Cost or valuation at 31 December 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 1988 156,481 - 156,481
Valuation in 2003 34,077 - 34,077
Valuation in 2006 30,000 - 30,000
Valuation in 2020 440,000 - 440,000
Cost 89,442 66,539 155,981
750,000 66,539 816,539

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Trade debtors 12,249 12,103
Other debtors 5,727 6,018
17,976 18,121

FANTASTIC LIGHTING LIMITED (REGISTERED NUMBER: 01515526)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 AUGUST 2023 TO 31 DECEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Bank Loans and Overdrafts 19,884 38,831
Trade creditors 625 2,888
Taxation and social security 13,932 12,939
Other creditors 59,713 12,464
94,154 67,122

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2023
£    £   
Bank loans 163,432 162,928

8. RESERVES
Revaluation
reserve
£   
At 1 August 2023
and 31 December 2023 704,825